ASX-listed Doctor Care Anywhere falls on deal to acquire Outcome Diagnostics

Doctor Care Anywhere

11/05/2026 05:25

** Shares of Doctor Care Anywhere DOC.AX fall as much as 9.7% to A$0.14, set for their worst intraday session since May 4

** UK-based telehealth services provider to acquire A$11 mln ($7.95 mln) revenue GLP-1 and medicated weight-loss business of Outcome Diagnostics for 850,000 euros ($999,260.00)

** Co says deal is broadly breakeven on standalone EBITDA

** Says purchase price to be funded from existing cash reserves of ~A$14 mln as at March 31

** There is no earn-out, or deferred consideration component, to the acquisition - co

** YTD, DOC stock down 9.7%, including the day's moves

($1 = 1.3831 Australian dollars)

($1 = 0.8506 euros)

(Reporting by Shivangi Lahiri in Bengaluru)

((shivangi.lahiri@thomsonreuters.com))